Seeking Alpha

At the open: Dow +0.04% to 14081. S&P +0.21% to 1519. Nasdaq +0.29% to 3172. Treasurys:...

At the open: Dow +0.04% to 14081. S&P +0.21% to 1519. Nasdaq +0.29% to 3172.
Treasurys: 30-year +0.07%. 10-yr +0.08%. 5-yr +0.04%.
Commodities: Crude +0.08% to $92.83. Gold -0.36% to $1589.9.
Currencies: Euro -0.14% vs. dollar. Yen +0.13%. Pound -0.08%.
Comments (11)
  • Were those opening DOW, S&P, and NASDAQ increases supposed to be increases based on points, not percentages?
    28 Feb 2013, 09:39 AM Reply Like
  • ... in nominal US$. In nominal US$, it can go to infinity. In gold/oil/basket of goods/purchasing power, it is going in the opposite direction.
    28 Feb 2013, 10:43 AM Reply Like
  • DOW versus XAU (Gold ) is low:
    http://bit.ly/WszLSk
    28 Feb 2013, 11:39 AM Reply Like
  • good point Chris. What do you make of the recent Gold price?
    28 Feb 2013, 11:39 AM Reply Like
  • Oh, I am gratified to see it so strong (but may have a somewhat longer definition of "recent" than most). Recently, it buys more and more dollars. Between the recent Bretton Woods meeting and the more recent Ben Bernanke, seems pretty auspicious time to own a lot of gold. In terms of more specific moves in shorter increments, I have no idea whatsoever and am somewhat skeptical that anyone else does either. It is virtually certain to go up, down, or sideways.
    28 Feb 2013, 11:56 AM Reply Like
  • Can someone please explain how huge deficits, sequestration looming, etc... could lead to an all time high for the Dow? Huge correction coming soon
    28 Feb 2013, 10:48 AM Reply Like
  • Asset price inflation is not necessarily a good thing. How can huge deficits coexist with a nominal price boom? It can happen: http://seekingalpha.co...
    28 Feb 2013, 10:57 AM Reply Like
  • That's the thing. Even if sequestration itself doesn't happen, the budget deficit is going to get slashed one way or another, and that is contractionary.
    28 Feb 2013, 01:29 PM Reply Like
  • Talk about irrational exuberance! The equity market is way overdue for a correction. Dow is hitting an all time high just as we head into the final 48 hrs before sequestration
    28 Feb 2013, 01:42 PM Reply Like
  • Maybe the problem lies in your view of how the markets should be acting versus how the markets are actually moving.
    28 Feb 2013, 02:16 PM Reply Like
  • Thank you for this.
    28 Feb 2013, 02:20 PM Reply Like
DJIA (DIA) S&P 500 (SPY)